Question
Given the following information, prepare an income statement for Apple Inc. for the year ending December 31, 2023: Revenue $50,000,000 Cost of Goods Sold $20,000,000
Given the following information, prepare an income statement for Apple Inc. for the year ending December 31, 2023:
Revenue | $50,000,000 |
Cost of Goods Sold | $20,000,000 |
Operating Expenses | $15,000,000 |
Depreciation Expense | $3,000,000 |
Interest Expense | $1,000,000 |
Taxes | 25% of Net Income |
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Managerial Accounting The Cornerstone of Business Decision Making
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
7th edition
978-1337116008, 1337116009, 1337115770, 978-1337516150, 1337516155, 978-1337115773
